Funding

[Funding alert] Manchester-based ESProfiler Secures £2.8 Million in Seed Funding

Feb 27, 2024 | By Startup Rise EU

Manchester-based ESProfiler secures £2.8 million in seed funding led by Nauta Capital. This noteworthy accomplishment carries forward the momentum from the major angel investments made in 2023.

Manchester-based ESProfiler secures £2.8 million in seed funding led by Nauta Capital. This noteworthy accomplishment carries forward the momentum from the major angel investments made in 2023.

Read also - UK-based Xergy Secures £3.1Million in Series A Round Funding

The recently obtained funding will support the commercial expansion of ESProfiler, improve product development, and give its platform significant new functionalities.

Louis Holt, CEO and Co-founder of ESProfiler, expressed his enthusiasm: “Partnering with Nauta Capital marks a significant step in our journey towards offering continuous security investment validation to enterprises. This funding is not just a financial boost but a validation of our vision at ESProfiler. It will accelerate our engineering efforts, expanding our platform’s capabilities and reach.”

ESProfiler, an organisation that was founded in 2020 with the goal of addressing the pervasive inefficiencies in business cybersecurity investments, is quickly becoming a leader in the sector. The founding team discovered important shortcomings in the application of cybersecurity techniques by drawing on their personal experience.

The absence of standards in the cyber market makes this problem worse. Chief Information Security Officers (CISOs) are finding it difficult to assess the value and efficacy of their expanding security portfolios as they navigate a maze of marketing speak.

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Pratima Aiyagari, London-based Partner at Nauta, added: “ESProfiler has created a new way for CISOs to operate. It provides continuous analysis of security tools and their performance. With this intelligence, any company’s security can be optimized to help teams do more with what they have. For the first time, companies can rationalize their security budget based on hard data. In today’s economic environment, that’s a huge advantage – and one that positions security as a business driver and competitive advantage for the long term.”

About ESProfiler

Profiler for Enterprise Security. Giving CISOs the insight and confidence they need to manage their security programme by comparing expenditure, usage, and capabilities to their top threat concerns. Greetings and welcome to Security Investment Validation, ongoing.

Read also - UK-based ExactTrak Secures £1Million in Funding

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